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Saipem Extends Drilling Contract In Egypt’s West Delta Deep Marine
...laysia’s Petronas (25%) and the state-owned Egyptian General Petroleum Corporation (EGPC – 50%) which supplies the Egyptian LNG plant at Idku and the domestic market. BG told MEES in May that the $3bn it is planning to invest in Egypt between now and 2011 is specifically intended to maximize the de...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
RWE Dea Outlines North Africa Production Plans
...rth Idku field in the offshore Nile Delta, which is due to start production in 2010 at a rate of 1.1 bcf/year. RWE estimates its capital expenditure for Egypt, Libya and Algeria between now and 2011 will be around €550mn. A company spokeswoman told MEES that the numerous oil discoveries in Libya th...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Saudi Aramco Further Increases Scope Of Karan Gas Project
...expanded Khursaniyah gas plant for planned end-December 2011 start-up. Karan gas is high in sulfur, adding to the cost development, which will far outweigh the usual 75 cents/mn BTU internal Saudi gas price (MEES, 28 January). Reserves of around 7 tcf have been announced for the field, but ME...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Occidental Wins $500Mn Abu Dhabi Field Development Deal
...,000 boed of capacity from as soon as 2011, the statement added. Ramhan, located in very shallow water near the Abu Dhabi refinery, was tested in 1992, flowing at a combined rate of 1,750b/d and 14mn cfd. In addition to the initial field developments, Occidental’s $500mn investment program “will in...
Volume: 51Issue: 41Published at Mon, 13 Oct 2008 -
Armenia To Lose Russian Gas Subsidies
...e gradual harmonization in the prices paid by Armenia with what Gazprom charges its European clients. This should be achieved by 2011. Armenia will pay $154/1,000 cu ms for gas next year, 40% up from the current price, rising to $200/1,000 cu ms in 2010. Next year’s pricing will come into effect on...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
Sinopec To Take Over Canada’s Tanganyika Oil
...volved in a 100,000 b/d refinery project in Abu Khashab, northeast of Deir Ez-Zor, planned to start up in 2011. Given China’s rising demand for energy, Chinese companies are expected to press on with efforts to boost their oil investments in the oil producing areas of the Middle East. To go through, the Ta...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
Sonatrach Hails LNG Production Landmark
...e at Skikda, with one more being built at each terminal. The 4.5mn tons/year train being built at Skikda by US firm KBR is due for completion in November 2011, while the new 4.7mn t/y facility at Arzew, that Italy’s Snamprogetti and Japan’s Chiyoda recently won the EPC contract for, is to begin op...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008 -
Eni To Purchase First Calgary Petroleums
...tural gas. The Italian major estimates that the acquisition of FCP will increase its reserves by approximately 190mn boe of proven and probable (2P) reserves within its own Algerian portfolio. Production in the block is scheduled to come on-stream in 2011 with a plateau of Eni’s share production re...
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
Lukoil To Bring GdF Into Yamala Block Exploration
...ploration phase of the license by 2011. GdF will cover 15% of costs already incurred. The PSA work obligations include the drilling of two wells and the acquisition of 2D and 3D seismic data....
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
NIOC To Bring In Chinese Heavy Oil Expertise
...heavy crude oil: “The refinery is at the basic engineering designing phase, with 5% of physical progress completed.” The unit is scheduled to become operational in 2011 (MEES, 14 April 2008)....
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
NPC Earmarks 20 Subsidiary Companies For Privatization
...onomic Commission Allocates Extra €370Mn For Completion Of Petrochemical Plants Iran’s Economic Commission has increased funding for the Kavian, Mahabad and Lorestan petrochemical projects in order to ensure their completion by the existing 2011 deadline, Mehr News Agency reported on 3 September. Th...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Iran’s Oil And Gas Export Earnings Up 32% To $81.8Bn In March 2008
...670 1390 (2011-12) 2.210 1391 (2012-13) onwards 6.844...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Parsons Brinckerhoff Appointed Owner’s Engineer For Qatar’s Ras Laffan C IWWP
...tar, the company announced on 19 August. Ras Laffan C is being developed on a fast-track basis to help meet the demand for electricity in Qatar, which is rising at the rate of about 17% annually. Located in Ras Laffan Industrial City, the project will produce some 2.73gw of power beginning in 2011 an...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
GDF Suez, GIC Awarded $2Bn Al Dur 1 IWPP Contract
...wer and water purchase agreement for Al Dur 1 independent water and power project (IWPP) in Bahrain. Phase 1 of the project, to be developed on a BOO (build, own, operate) basis, will start in the summer of 2010, with full capacity to be achieved in summer 2011. Al Dur 1 is expected to start de...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008 -
Samsung Engineering Wins EPC Contract For Bahrain Base Oil Plant
...l shipping port exists, will have a capacity of 400,000 tons/year of very high viscosity index (VHVI) base oil for use in lubricants blending, and is scheduled to be completed by April 2011. Total investment in the project is expected be around $430mn. The contract is Samsung’s first in Ba...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008 -
Agrium, Egyptian Government Reach Agreement On Eagrium Project
...pacity to approximately 2mn t/y of urea. Agrium’s share of production would be 175,000 t/y of urea until the expansion is complete in 2011, after which it would increase to approximately 525,000 t/y. “We anticipate earning contributions to commence in the fourth quarter of this year. The original Ea...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Nematzadeh Announces Finalization Of Contract For New Condensate Refinery
...ndensate splitters, is expected to start up in 2011 (MEES, 14 April)....
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Ras Laffan C IWPP Signs Financing Agreement, Islamic Banks Join Group
...ild-operate-transfer (BOT) project is key to Qatar’s needs. It will produce 2.73gw of power and 63mn gal/day of clean water, supplying the country with about one third of its estimated 9.0gw power needs by 2011. The obligations of offtaker Kahramaa are guaranteed by the Qatari state (sovereign ra...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
GDF Suez Awarded $5.6Bn Contract For Shuweihat 2 Power And Desalination Plant
...osan, and Samsung on 21 July, he added. Completion and start-up of the Shuweihat 2 plant is scheduled for 2011. GDF Suez owns 40% of Shuweihat 2, with Abu Dhabi Water and Electricity Authority (ADWEA) holding 60%. All power and desalinated water will be purchased by the Abu Dhabi Water and El...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
UAE Needs To Spend Over $10Bn To Meet Rising Power Demand, Says BMI
...port 2008. Dubai alone will have to boost its power generating capacity to 9.5gw by 2010, said the report. Power consumption in Dubai increased by almost 30% in 2006, according to the Dubai Electricity and Water Authority (DEWA). The UAE will account for 5.77% of regional power generation by 2011, sa...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008